Tourist bakeries in Egypt raise the selling prices of products in line with the increases in production requirements

Published 2022년 3월 19일

Tridge summary

Tourist bakeries in Cairo have increased the prices of their baked goods due to a rise in the cost of production ingredients, which have seen price hikes ranging from 2% to 37.5% because of the Russian-Ukrainian conflict's impact on global and local markets. The price of a plate of obesity has surged by 17%, and a sack of municipal sesame by 5%, among other increases in the cost of key production items. These price hikes are affecting various industries, including bakeries, and the Central Bank is considering measures to combat the financial effects of the war.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The prices of selling baked goods in tourist bakeries witnessed increases ranging from 1 EGP in the sale of paté of all kinds, to about 2 EGP per kilo of different types of bread, such as rusk and biscuits, according to the assurances of Engineer Ayman Hamdi, member of the Bakeries Division in the Chamber of Commerce in Cairo and owner of tourist bakeries. Hamdi said that these increases began, since last Sunday; As a result of the increase in the selling prices of 10 types of production requirements, despite the decrease in the price of supplying a ton of free flour at the price of 11 thousand pounds, instead of 12 thousand pounds. Read also Head of the Bakeries Division: We welcome any mechanisms to control the tourist bread market The increase in the price of supplying 10 items from 2% to 37.5% Hamdi added that companies that supply supplies for the production of tourist bakeries have increased selling prices on bakeries by a rate ranging from 2% to 37.5%, as a result of the ...

Source: Almalnews